IHS Markit Modifies Share Repurchase Authorization

Increases size of authorization; extends through May 2018

January 30, 2017 06:00 AM Eastern Standard Time

LONDON--(BUSINESS WIRE)--IHS Markit (Nasdaq: INFO), a world leader in critical information,
analytics and solutions, today said its Board of Directors has approved
modification of the company’s previously announced August 2016 share
repurchase authorization.

In a regularly scheduled meeting, the Board agreed to increase the size
of the company’s August 2016 share repurchase authorization from up to
$1.5 billion to up to $2.25 billion of IHS Markit common shares, and to
extend the termination date of the authorization from November 30, 2017
to May 31, 2018.

IHS Markit is authorized to repurchase its common shares on the open
market from time to time, in privately negotiated transactions, or
through accelerated repurchase agreements, subject to availability of
common shares, price, market conditions, alternative uses of capital,
and applicable regulatory requirements, at management’s discretion. The
program does not obligate the company to repurchase any set dollar
amount or number of shares and may be modified, suspended, or terminated
at any time without prior notice. The authorization will be funded using
the company’s existing cash, cash equivalents, marketable securities,
and future cash flows, or through the incurrence of short- or long-term
indebtedness, at management's discretion.

Forward-Looking Statements

This communication contains “forward-looking statements” within the
meaning of the federal securities laws, including Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended (Securities Exchange Act). In this
context, forward-looking statements often address expected future
business and financial performance and financial condition, and often
contain words such as “anticipate,” “intend,” “plan,” “goal,” “seek,”
“aim,” “strive,” “believe,” “see,” “project,” “predict,” “estimate,”
“expect,” “continue,” “strategy,” “future,” “likely,” “may,” “might,”
“should,” “will,” “would,” “target,” similar expressions, and variations
or negatives of these words. Examples of forward-looking statements
include, among others, statements we make regarding: guidance and
predictions relating to expected operating results, such as revenue
growth and earnings; strategic actions, including acquisitions and
dispositions, anticipated benefits from strategic actions including the
merger between IHS Inc. and Markit Ltd., and our success in integrating
acquired businesses; anticipated levels of capital expenditures in
future periods; our belief that we have sufficient liquidity to fund our
ongoing business operations; expectations of the effect on our financial
condition of claims, litigation, environmental costs, contingent
liabilities and governmental and regulatory investigations and
proceedings; and our strategy for customer retention, growth, product
development, market position, financial results, and reserves.
Forward-looking statements are neither historical facts nor assurances
of future performance. Instead, they are based only on our current
beliefs, expectations, and assumptions regarding the future of our
business, future plans and strategies, projections, anticipated events
and trends, the economy, and other future conditions. Because
forward-looking statements relate to the future, they are subject to
inherent uncertainties, risks, and changes in circumstances that are
difficult to predict and many of which are outside of our control.
Important factors that could cause our actual results and financial
condition to differ materially from those indicated in the
forward-looking statements include, among others, the following:
economic and financial conditions, including volatility in interest and
exchange rates; our ability to develop new products and services; our
ability to manage system failures or capacity constraints; our ability
to successfully manage risks associated with changes in demand for our
products and services; our ability to manage our relationships with
third party service providers; legislative, regulatory and economic
developments, including any new or proposed U.S. Treasury rule changes;
the extent to which we are successful in gaining new long-term
relationships with customers or retaining existing ones and the level of
service failures that could lead customers to use competitors' services;
the anticipated tax treatment, unforeseen liabilities, future capital
expenditures, revenues, expenses, earnings, synergies, economic
performance, indebtedness, financial condition, losses, future
prospects, business and management strategies for the management,
expansion and growth of our operations; our ability to integrate the
business successfully and to achieve anticipated synergies; our ability
to retain and hire key personnel; our ability to satisfy our debt
obligations and our other ongoing business obligations; and the
occurrence of any catastrophic events, including acts of terrorism or
outbreak of war or hostilities. These risks, as well as other risks, are
more fully discussed in our other filings with the U.S. Securities and
Exchange Commission (SEC). While the list of factors presented here is
considered representative, no such list should be considered to be a
complete statement of all potential risks and uncertainties. Unlisted
factors may present significant additional obstacles to the realization
of forward-looking statements. Consequences of material differences in
results as compared with those anticipated in the forward-looking
statements could include, among other things, business disruption,
operational problems, financial loss, legal liability to third parties
and similar risks, any of which could have a material adverse effect on
our consolidated financial condition, results of operations, credit
rating or liquidity. Therefore, you should not rely on any of these
forward-looking statements. Any forward-looking statement made by us in
this communication is based only on information currently available to
us and speaks only as of the date of this report. We do not assume any
obligation to publicly provide revisions or updates to any
forward-looking statements, whether as a result of new information,
future developments or otherwise, should circumstances change, except as
otherwise required by securities and other applicable laws.

IHS Markit (Nasdaq: INFO) is a world leader in critical information,
analytics and solutions for the major industries and markets that drive
economies worldwide. The company delivers next-generation information,
analytics and solutions to customers in business, finance and
government, improving their operational efficiency and providing deep
insights that lead to well-informed, confident decisions. IHS Markit has
more than 50,000 key business and government customers, including 85
percent of the Fortune Global 500 and the world’s leading financial
institutions. Headquartered in London, IHS Markit is committed to
sustainable, profitable growth.